As your browser does not support javascript you won't be able to use all the features of the website. We strongly recommend you to enable the javascript in your old browser's settings or download a new one.

Citron's Andrew Left: Wayfair 'Should Be Cut In Half'

Wayfair IncW 0.25% stock popped into many traders radars Friday following unconfirmed reports that analysts at JPMorgan had made negative comments on the stock.

According to the chatter, analysts at JPMorgan see Wayfair's sales in the bottom half of 2016 being at risk.

Wayfair is one of the stocks that Citron's Andrew Left highlighted as an attractive short. In fact, Left told Benzinga on Friday that the "only thing" Wayfair has going for it is sales and investors should "forget about profits." He mentioned that the stock should be "cut in half."

Wayfair's stock hit an intra-day low of $31.55 and was recently trading around $31.96.

Citron Research commented on Wayfair on August 31, 2015, and suggested that Wayfair's stock is the "most mispriced" in years. Citron's report resulted in a selloff in Wayfair's stock which closed that trading session at $37.30.

"First we would like to stress the obvious, which everyone except the company and the analysts will admit," Citron said in its short report last August. "Wayfair is Overstock, plain and simple. The only difference is that Overstock has
better brand recognition and higher traffic."

Citron added, "for longs, a challenge: Finish this sentence: Wayfair is the next __________________________???... Exactly."

WhoTrades Ltd, its affiliates and partners are not responsible or liable in any manner for any Content posted on whotrades.com. WhoTrades Ltd does not endorse, support, sanction, encourage, verify, or agree with the comments, opinions, or statements of third parties displayed on or transmitted via the site. Any opinions expressed on the website as to the future direction of prices of specific investments are purely opinions, do not necessarily represent the opinion of WhoTrades Ltd, and are not guaranteed in any way. In no event will WhoTrades Ltd, its affiliates, and partners have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided verbally or through the Internet, or any delays, inaccuracies, errors in, or omissions of information.

Your use of this webpage is conditioned to your acceptance of ALL our Disclosures and Terms of Service.